Description

This well-maintained 12,156 sq. ft. commercial property offers a strong income-producing opportunity with a mix of retail, office, and warehouse space. The property consists of two buildings: 430 3rd Avenue - approximately 5,556 sq. ft., currently occupied by the owner's business but ready for your possession; 410 3rd Avenue - approximately 5,592 sq. ft. warehouse space, leased to a long-term tenant through 2027, providing stable cash flow. In addition, there is approximately 1,020 sq. ft. of vacant space with the potential to generate an additional $1,200 per month in rental income. All leases are structured as Triple Net (NNN), minimizing operating expenses for the owner and providing predictable returns. The property currently generates approximately $56,000 in annual income. With full occupancy, the property has the potential to achieve an estimated 9%- 10% cap rate. (id:2469)

Listing Provided By

Team Powerhouse Realty

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